Jio Financial Services JIOFIN
Reliance group's financial-services arm, demerged in 2023 - lending, payments, insurance broking and a BlackRock joint venture in asset management and broking
Mapped in 1 theme: Nifty 50.
Index membership
Jio Financial Services is in the Nifty 50 (NSE industry: Financial Services).
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 1,855 | 2,043 | 3,521 |
| Net profit | 1,605 | 1,613 | 1,561 |
Latest-year revenue ₹3,521 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- Reliance's customer reach (Jio, retail) and strong capital base
- JVs with BlackRock (funds, broking) and Allianz (reinsurance)
Risks
- Earnings are still small relative to its valuation
- New, unproven businesses in crowded markets
Common questions
What does Jio Financial Services do?
Reliance group's financial-services arm, demerged in 2023 - lending, payments, insurance broking and a BlackRock joint venture in asset management and broking.
Which industry is Jio Financial Services in?
Financial Services, in the Nifty 50.
Who are Jio Financial Services' peers?
In the Nifty 50's Financial Services industry: HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance, Kotak Mahindra Bank, Axis Bank and 5 more.
What is Jio Financial Services' market cap and valuation?
As of 30 Oct 2026: market cap ₹1.35L Cr, P/E 78.9x, ROCE 1.9%, ROE 1.2%, dividend yield 0.29%.